The study was carried out to examine the situation of university students from one month after the beginning of a very strict confinement process in Spain during the COVID-19 pandemic. Students responded to a survey which included the 7-item Generalized Anxiety Disorder Scale (GAD-7) together with other questions relating to their general well-being from the European Quality of Life Survey (EQLS). A total of 198 university students answered the web-based survey. The questionnaire was generated using Microsoft Forms and was explained and distributed online. The results indicated that around 18.7% of students were suffering from severe anxiety and 70.2% were suffering either mild or moderate anxiety at this point of the strict confinement process. The findings show that when emotional well-being (quality of sleep, the perception of feeling fear, death of a relative) is reduced and material well-being is negatively affected (income level) anxiety levels are increased. On the other hand, the results show that having good interpersonal relationships with family members and taking care of personal development (routines and habits that make them feel good) help reduce anxiety levels. The female students in the sample also suffered higher levels of anxiety than males during strict confinement.

This study focuses on true and fair view (TFV) and fair presentation (FP) in financial statements. It questions if attitudes towards the true and fair override (TFO) condition, included in European Union (EU) legislation and International Financial Reporting Standards (IFRS), is indicative of a principles-based approach or lip service to a concept that is rarely applied. We address this subject because we consider that there should be a consensus and harmonisation on TFV—that TFO has a vital role within the principles-based framework, and while the accounting standard development process should limit the application of the TFO concept, in practice, it is an important reporting option. TFV/TFO harmonisation also has an important role in sustainability accounting, to reveal company actions which are influenced by more than just the objective of complying with the standards. In the empirical part, accounting experts from 24 European countries were surveyed. Their responses suggest a lack of clarity around the distinction between TFV and FP and a reluctance to consider, in practice, the application of the TFO. Drawing on behavioural theories—ostrich effect and comfort theory—we find explanations and reasoning behind attitudes to these cornerstone concepts. Specifically, we try to explain behavioural attitudes to TFV/FP and TFO positions, which defend uncompromising compliance with standards.

This paper develops an accounting model for monitoring the solvency of a notional defined contribution (NDC) pension scheme with disability and minimum pension benefits. Using the annual report of the Swedish pension system as a benchmark, the “Swedish” actuarial balance is extended by adding an income statement fully explaining the reasons behind the changes in the system’s solvency by type of benefit. In line with the reference model, assets and liabilities are measured at present value at each reporting date, and in each period, included as income or expenses on the Income statement. This accounting framework integrates both contributory and social aspects of public pensions and discloses the real cost of the disability contingency and the redistribution through minimum pensions. Apart from Sweden, this proposal could be especially interesting for improving the reporting of public pensions in countries such as Poland, Italy, Latvia and Norway.

This paper is a consideration of the role that ethics must play in accounting education followed by a set of implementation proposals. It is based on the lack of response by the profession in Spain, as in some other European countries, to the crisis produced by recent financial scandals, both at a national and international level. Three proposals are made in the paper to reintroduce ethics into accounting education. Firstly, a case is made for a more contextual learning of accounting standards. This would help to avoid teachers and future professionals becoming passive and blind adopters of accounting rules. Secondly, the paper advocates the introduction of ethical reasoning in all accounting courses, as the best way for students to understand that there is more to the preparation of accounts than just following accounting standards. Thirdly, the paper points critically to the lack of accountability by professionals who prepare financial statements in corporations and supports them being made more responsible for their actions. This set of proposals is seen to be consistent with the notion of an accounting profession that is ethical at an individual level and responsible at a social level.

NPOs (Non-Profit Organisations) are entities created to respond to the social needs of the economy, many of which fall into financial difficulties and are forced to close. Given the importance that these entities have both socially and economically, the study of their financial vulnerability is an area of special interest. It is important to highlight the factors that characterize this type of entity in a situation of vulnerability and also to anticipate future undesirable situations which could result in closure without timely supervision. In this way, the entity could redirect its management and make the necessary changes in its structure to ensure its continuity. Our study analyses the academic literature, from a theoretical perspective, in relation to this vulnerability allowing us to construct a pentagram of five dimensions, some interrelated, which we propose to be taken into consideration in the study of an entity’s vulnerability. These five dimensions are performance, operational dimension, leverage, liquidity and most importantly reputation. This research offers a proposal to evaluate financial vulnerability in NPOs in a more comprehensive way and facilitate its management.

The objective of the study was to observe the effect of sleep on students in the first week (Point 1) of strict confinement and to analyze its evolution after one and two months (Point 2) of strict confinement during COVID-19. The evolution of sleep, in association with affected income status, family relations, and the death or infection of a family member or friend by COVID-19 was examined. Students responded to a survey that included questions relating to sleep quality and general well-being from the European Quality of Life Survey (EQLS). Sleep disturbance increased over strict confinement but was substantially more and with greater intensity in the case of students not living with family members. The results show that loss of family income, loss of a family member or friend, and having a friend or family member infected affected sleep quality negatively at Point 1. However, at Point 2, confinement itself affected students sleep, as well as the variables analyzed. Domestic harmony was a positive correlation for better sleep health. The study is important for managing coping policies and diagnosis.